Tag Archives: Mine Bitcoin

It’s awful when something you’ve created is being used in a bad way, and C++ software language creator Bjarne Stroustrup is feeling this firsthand, but how accurate are his thoughts?Stroustrup: Not a Big Bitcoin FanStroustrup is the builder of C++, which is a programming system that’s used to power all kinds of new software platforms – including bitcoin mining. In a recent interview, the tech genius explained that while he’s very proud of his creation on an individual level, he has no control...

Bitcoin mining in China is no longer in the line of fire.Bitcoin Mining Is A-OKFollowing several years of going back and forth on the subject, regulators within China’s borders have finally decided that bitcoin mining should be allowed to continue without interference from the government. The country had long considered banning the process of extracting new bitcoins as a means of protecting the environment, though now it appears those fears have subsided.The bulls are seeing this as a huge...

Canaan Creative – the second-largest developer and distributor of bitcoin mining equipment – has filed for a public listing on the Nasdaq. The company is hosting a $400 million initial public offering (IPO) to potentially pay off debts and fund both blockchain artificial intelligence (AI) research.Canaan Creative Is Rushing to the GoalCanaan is among the largest companies developing bitcoin miners, and is second only to Bitmain, which like Canaan, is stationed in China. As it stands, both...

For many people, i.e. Warren Buffett, bitcoin and cryptocurrency are two things that should be avoided at all costs. For others however, like billionaire Peter Thiel, bitcoin’s success is just getting started, and the coin represents a whole new wave of financial innovation that the world hasn’t seen yet.Peter Thiel: The BTC Champion?Thiel is the co-founder of PayPal. His love of crypto is ironic considering he lost former executive David Marcus to Facebook’s blockchain division. Marcus later...

Today, on Friday, the 18 millionth bitcoin is set to be mined. That means there are only three million BTC units left to extract after this.Bitcoin Will Become Harder to GetThe mining process behind bitcoin has been a rather controversial activity. For one thing, China says that it is damaging to the Earth’s environment. The country has long been considering a ban on bitcoin and crypto mining in the future.Second, there have been huge concerns regarding a bitcoin 51 percent attack from...

Bitcoin has grown exponentially over the past year or so, and this has made many hackers and malicious actors want to target cryptocurrency owners. Now, a new strain of bitcoin-based malware entitled “Save Yourself” is making the rounds, and while analysts have been warning enthusiasts about it for the past week, it seems to be much worse than originally thought.How to “Save Yourself” from MalwareSave Yourself has been here for some time. Originally, it was a form of malware designed to...

With bearish activity spreading throughout the crypto space as of late, many people are looking for some sort of miracle to sort things out. Many have long believed that the upcoming bitcoin halving – set to take place in May 2020 – is likely to do the trick. Unfortunately, according to Bitmain CEO Jihan Wu, this may not be the case.Bitmain CEO Predicts a Lack of BullsBitmain is one of the largest – if not the largest – cryptocurrency mining corporations in the world. Stationed in China, the...

Last month, Google made a shocking announcement: that it had developed a supercomputer that could potentially solve very long and complicated mathematical equations. For some analysts, this meant only one thing: that bitcoin was about to become obsolete.A Supercomputer that Makes BTC Obsolete?Data pertaining to the computer was eventually published to NASA’s website, though the information was ultimately taken down potentially because it had not yet been confirmed.As we all know, bitcoin...

There’s no denying that bitcoin has great promise. Since it first emerged on the financial plane roughly ten years ago, the currency has come a long way and is changing the world of monetary trading as we know it.Bitcoin and Its Carbon EmissionsUnfortunately, not everyone is convinced that it has something to offer. One of the big problems with bitcoin that continually gets in the way is its carbon footprint, which according to some analysts is bigger than one might expect. In the past, it’s...

When will people learn that they shouldn’t be “mining on the job?” Unless you’re employed as a bitcoin miner, you should wait until you’re on your own time to engage in such activity.Mining Can Be a Tricky – and Sometimes Illegal – BusinessThat’s what one Russian engineer is learning this week. Denis Baykov, a worker at the Federal Nuclear Center in Sarov, has been fined roughly 450,000 rubles (about $7,000 USD) for utilizing a supercomputer inside the nuclear facility in which he works to...